CHO Issues 300 Million Baht Debentures, 2 Years, Holds 7% Interest, Will Sell to Major Institutions, 7-9 Oct 19

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Chavee Public Company Limited or Cho Revealed that the company has submitted the registration statement to the Office of the Securities and Exchange Commission (SEC) for the issuance and offering of debentures No. 2/2019, worth not more than 300 million baht, with a 2-year maturity. .2564, fixed interest rate of 7.0% per annum, interest paid every 3 months throughout the term of the debentures

In this regard, the company will offer to sell to institutional investors and / or large investors. Subscription period is 7-9 Oct 19 through Kingsford Securities. Which is the debenture underwriter

The issuance of debentures is to be used for investment in expanding the product potential of the project management group. Maintenance service Large buses and trucks invest in special design products. To expand the production capacity of the food conveyor assembly Special designed vehicles for commercial purposes Tools and equipment used in production, maintenance, and finance the implementation of major projects Which has to gradually pay Therefore, in the period that the plan has not been used The company will repay loans from financial institutions. In order to maintain the ratio of debt to shareholders not to increase according to the plan



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https://www.kaohoon.com/content/319041

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